Project Type

Disposition/leasing Divesture

site Square Footage

980,000

site Size - Acres

41

Transaction Timing

Initial Sale: 5 Months;
Subsequent Sale: 4 Months

3Com Research Campus

Rolling Meadows, IL

Project Overview:

Alliance provided the surplus asset disposition services to AT&T Network Solutions for the subject asset set upon a 41.3 acre corporate office site directly adjacent to the largest regional shopping Mall in the world, larger than Mall of America after Minnesota, Woodfield due to its recent expansion and new stores including Nordsrtrom.

AT&T divested the asset to a Private Family Office which retained Alliance for leasing services and once 3com was identified the Tenant improvements underwritten and concluded after 11 month aside the facility expansion to more than doubling the structure to 980,201 sf. After the TIs,occupancy and closeout the Alliance Net Lease Advisory Team proceeded to underwrite a best-and-final national, International Investor identification process to identify the optimal ownership structure and execute the capital Markets trade for several times basis.

Takeaway:

Alliance’s Consolidation Strategies Group keeps its finger on the pulse of governmental strategies nationwide, divestiture strategies group on disposition evolution, BTS, leasing and Capital Markets trade developments. Alliance’s track record speaks for itself and our Alliance Teams stand prepared to provide asset trade underwriting on all sectors.